Loans

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  Buying a Home For a Disabled Family Member

  July 31, 2026

  At a Glance The Family Opportunity Mortgage may help qualified families purchase a home for a disabled loved one. Eligible borrowers may receive owner-occupied financing instead of investment property financing. Homeownership can provide long-term stability and independence for disabled adults. Michigan families are increasingly using this program to create stable housing. TABLE OF CONTENTS: Michigan […]

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  Michigan Non-QM Loans: Home Mortgages for Non-Traditional Income

  July 28, 2026

  At a Glance Non-QM loans provide flexible mortgage solutions for borrowers with non-traditional income. Programs include Bank Statement Loans, DSCR Loans, Asset Depletion Loans, and financing for Foreign Nationals and ITIN borrowers. Non-QM mortgages are designed for qualified borrowers who don’t fit conventional lending guidelines—not borrowers with poor credit. Treadstone Funding + Neighborhood Loans offers […]

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  What Credit Score Do You Need to Buy a House in Michigan?

  May 25, 2026

  Your credit score is one of the biggest numbers in your mortgage application, but it isn’t the whole story. Lenders use your credit score for a mortgage to gauge how likely you are to pay back what you borrow, and a stronger score can mean a lower interest rate (which could be tens of thousands […]

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  Average Monthly Mortgage Payments for First Time Home Buyers

  February 3, 2023

  First-time homebuyers often ask us how much their mortgage payment should be, but the answer varies based on individual situations and scenarios. Some of the factors that go into determining your monthly mortgage payment may include your home’s value and the purchase price, your interest rate (as determined by the broader market conditions and your […]

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  How to Qualify for a Mortgage with Debt

  March 5, 2022

  Many people think that it is impossible to buy a house if you have debt. That is simply not true! Everyone has debt! It’s the type and amount of debt you have that will influence mortgage qualification. When it comes to personal debt and getting a mortgage, the main considerations are: How much debt do […]

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  Mortgage Qualification After Bankruptcy: Rules, Timelines, & Information

  October 20, 2021

  People file for bankruptcy for a variety of reasons both personal and business. Although there are many rules regarding bankruptcy and home buying it is still possible to purchase a new home if you have filed for or gone through bankruptcy in the past. We discussed the topic with some of our licensed Loan Officers […]

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  Non-Warrantable Vs. Warrantable Condos

  July 31, 2020

  Is buying a condo right for you? Condominiums, or condos, can be great alternatives to detached homes. City dwellers, singles, couples, seniors, and many others may find condos that suit their needs and budgets. Others may simply prefer low-maintenance living. Buyers who feel “priced out” of homes may discover condos offer an affordable homeownership alternative. […]

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  What Millennials Want in a Home

  June 19, 2020

  It’s official: Millennials have taken over the housing market. Despite previous trends implying that millennials are uninterested in owning homes, people born between 1981 and 1997 will account for more than half of all mortgages in 2020 according to a Realtor.com study. Rising rent prices and the luring investment potential of homeownership has translated into […]

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  What You Need To Do To Get Mortgage Ready

  March 24, 2020

  So, you’re ready to buy a new home, or you think you may be soon. There are many important things to contemplate before getting a mortgage. Buying a home is one of the biggest and most important purchases of your life, and signing on for a 15- or 30-year mortgage payment can feel…daunting. But if […]

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  Knowing When it is Time to Downsize

  January 27, 2020

  Moving into a smaller home may feel like a step down, but it has a few upsides: saving money, saving time, and having less clutter in your life. According to a 2018 study by Fannie Mae, it is predicted that there will be a 42% increase in the number of older Americans exiting home ownership […]